Rayonier Inc reports results for the quarter ended in June - Earnings Summary

Rayonier

02/08/2023 22:02

* Rayonier Inc  RYN.N  reported quarterly adjusted earnings
of 5
cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
9 cents per share.
    * Revenue fell 15.2% to $208.90 million from a year ago;
analysts
expected $218.70 million. 
    * Rayonier Inc's reported EPS for the quarter was 5 cents​.
    * The mean earnings estimate of analysts had fallen by
about 20%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Rayonier Inc shares had risen by 4.9% this quarter and
lost 0.1%
so far this year.
    * The company reported quarterly net income of $19 million.
    * Wall Street's median 12-month price target for Rayonier
Inc is
$33.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.09           0.05           Missed
 Mar. 31 2023      0.11           0.01           Missed
 Dec. 31 2022      0.12           0.11           Missed
 Sep. 30 2022      0.11           0.15           Beat